LEASES

12 Months Ended

Dec. 31, 2022

Leases

LEASES

NOTE 9 - LEASES

The Company and its subsidiaries, Foresight Ltd. and Eye Net, currently has 3-year leases for their offices with options to extend the leases for another 3 years. The lease for Foresight Ltd. and Eye Net ends on March 31, 2027 and December 15, 2027, respectively. The Company also currently leases several vehicles, each for a term of 3 years. The Company has no finance leases.

Supplemental cash flow information related to operating leases was as follows:

	Year Ended December 31, 2022
Cash payments for operating leases	$	550
New operating lease assets obtained in exchange for operating lease liabilities	$	—

As of December 31, 2022, the Company’s operating leases had a weighted average remaining lease term of 2.7 years and a weighted average discount rate of 5%. Future lease payments under operating leases as of December 31, 2022, were as follows:

	Operating Leases
2023	$	527
2024		491
2025		483
2026		483
2027		218
Total future lease payments		2,202
Less imputed interest		(199	)
Total lease liability balance	$	2,003